Every dog has its day, and Tuesday's vicious short squeeze was a pooch-lover's delight. DaBoyz even managed to goose Tesla for a 9% gain. Although that won't be nearly enough to reverse the death spiral in the automaker's shares, it will suffice to spook traders who have been shorting the stock with impunity for the last couple of months. Scandal-plagued Boeing was a relatively modest gainer amo...Read More
Trading volumes will be very less in Asia and even in Europe due to "Eid". There has been lots of news which gives a sense that precious metals are about to move away from the shackles of continued manipulation. I am hopeful that gold and silver will draw more and more short-term investors as well as medium term investors. 1. China has issued travel warning to its citizens travelling t...Read More
This was the Dow's second straight triple-digit gainThe Dow nabbed its third straightwin today -- and second-straight triple-digit gain -- after weak jobs dataunderscored expectations for a Fed interest rate cut. Wall Street also breathed a collective sigh of relief after White House advisor Peter Navarro downplayed the possibility of President Donald Trump's proposed tariffs on Mexican imports g...Read More
The tech sector's recent pullback has created buying opportunitiesIt's been a rough stretch for tech stocks, with the Nasdaq Composite (IXIC) starting the month of June in correction territory. This recent pullback has created some buying opportunities throughout the sector, with software stocks Keysight Technologies Inc (NYSE:KEYS) and Adobe Inc (NASDAQ:ADBE) both trading near trendlines with his...Read More
Vancouver-based Pretium Resources reports that its 2019 deep underground drill program confirmed there is mineralization similar to the Brucejack mine at depth and to the east of the mine workings. The mine is located about 65 km north of Stewart, British Columbia.Two holes totaling 3,500 metres were drilled - one to the northeast and the other to the southwest - in an area that had not been drill...Read More
Toronto-based Seabridge Gold has signed a definitive agreement to acquire 100% of the Goldstorm project from Mountain View Gold Corp. The sale price will be paid with 25,000 common shares of Seabridge.The Goldstorm project is located about 3 km east of Seabridge's 100% owned Snowstorm property. It lies at the intersection of the Northern Nevada Rift, Carlin Trend and Getchell Trend. Little explora...Read More
Gold climbed on Wednesday with the prospect of an interest-rate reduction by the Federal Reserve, amid signs of economic weakness in the U.S., lifting the metal's price to its highest finish in 3 1/2 months. Futures prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the mon...Read More
Gold climbed on Wednesday with the prospect of an interest-rate reduction by the Federal Reserve, amid signs of economic weakness in the U.S., lifting the metal's price to its highest finish in 3 1/2 months. Futures prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the mon...Read More
Gold climbed on Wednesday with the prospect of an interest-rate reduction by the Federal Reserve, amid signs of economic weakness in the U.S., lifting the metal's price to its highest finish in 3 1/2 months. Futures prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the mon...Read More
A quick check on data for Zoom Video and Docusign before earningsLooking at this week's earnings schedule, software stocks Zoom Video Communications Inc (NASDAQ:ZM) and DocuSign (NASDAQ:DOCU) are set to take the stage, both companies reporting quarterly numbers after the close tomorrow, June 6. We'll take a quick look at ZM and DOCU data to give traders a quick preview before the events. ZM stock...Read More
One stock is fresh off a new record lowThe Dow continues its rally today, as weak jobs data boosts investors' expectations for a potential rate cut. Several earnings were on the roster today, too, including tech stock Pivotal Software Inc (NYSE:PVTL) and household soup name Campbell Soup Company (NYSE:CPB). Below, we'll take a look what's driving PVTL and CPB's post-earnings swings. PVTL Stock S...Read More
The equity's recent pullback could be a buying opportunityShares of marijuana concern Cronos Group Inc (NASDAQ:CRON) are higher today, after BofA-Merrill Lynch reversed its position on the stock, upgrading CRON to "buy" from "underperform." The brokerage firm also hiked its price target to $27 from $17, waxing optimistic on the company's partnership with Altria (MO) and its growth potential in the...Read More
Walmart is one of the best Dow stocks at middayThe Dow Jones Industrial Average (DJI) is riding higher -- pacing for its third straight win -- as this morning's weak jobs data keeps the spotlight on a potential Fed rate cut. Walmart (WMT) is one of the best Dow stocks at midday, as the mega-retailer kicks off its annual shareholders meeting. Easing trade tensions are creating tailwinds, too, with...Read More
A historically bearish signal just sounded for Weight Watchers The diet and weight loss concern Weight Watchers International Inc (NASDAQ:WW) has taken a beating on the charts recently. Since a post-earnings bear gap in late-February had the shares plummeting beneath the $25 level for the first time in two years, the shares have made several attempts at a rebound -- the most successful of which wa...Read More
Low bond yields and the languished equity markets will make gold an attractive investment.Projected Fed rate cuts will weaken the dollar, subsequently increasing the value of gold.JNUG's 3x leverage provides an adequate tool for investors to profit on the a short-term price movement in gold.Intro: After gold hit its year-to-date bottom of 1266.65 on May 2nd, gold has rallied 5.2% to $1323 in t...Read More
Gold was riding high Monday on bad news regarding the US economy, causing stocks to fall and Wall Street traders to pile into bullion.US markets were choppy on the first trading day after June 1, when the United States increased the tariff on $200 billion of Chinese imports from 10% to 25%. Shares of the so-called 'FAANG' stocks slumped, pulling the S&P 500 and the Dow with them, after media repor...Read More
The Midas Metal has spent the last 6 years putting traders and investors to sleep.Investors normally want a better return for tying up their money for longer periods.Our biggest concern is overall investor complacency.Unfortunately, for the bulls, gold has been anything but good. The Midas Metal has spent the last 6 years putting traders and investors to sleep. It has oscillated between a high of...Read More
Gold shines again following the dovish rhetoric from the Fed.Gold's spec positioning is not heavily long, suggesting plenty of dry powder on the long side to deploy.ETF investors bought gold at a remarkable rate at the start of the week, highlighting a potentially positive swift in sentiment.We see GLDM at $13.50/share by Q2-end.Introduction Welcome to Orchid's Gold Weekly report. We discuss gold...Read More
The semiconductor company cut its forecast on Huawei headwindsIt was no secret that the Trump administration's crackdown on China's Huawei would be bad news for Skyworks Solutions Inc (NASDAQ:SWKS), and the company confirmed those fears last night by lowering its third-quarter outlook. The Massachusetts-based semiconductor manufacturer now expects sales between $755 million and $775 million for th...Read More
Guggenheim thinks Roku can rally another 27%Guggenheim upgraded Roku Inc (NASDAQ:ROKU) stock to "buy" from "neutral," and boosted its price target to $119 from $75 -- a 27% premium to last night's close, and the second highest on Wall Street. Analyst Michael Morris called Roku's asset value "compelling," and said growth in account and streaming metrics and accelerating third party demand are among...Read More